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Eastman sells its adhesive resin business to Xitema for US$1 billion　　

 Last Update: 2021-11-13
 Source: Internet
 Author: User

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Sinochem Xinnet News Eastman Chemical Company announced on October 28 that the company and its subsidiaries have reached a final agreement with Synthomer to sell its adhesive resin assets and business for a total cash price of US$1 billion

The transaction includes hydrocarbon resins (including Eastman Impera tire resins), pure monomer resins, polyolefin polymers, rosin resins and dispersions, as well as oleochemical and fatty acid-based resin product lines

The transaction is expected to be completed in the first quarter of 2022

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